Buying cryptocurrency on a trusted exchange is one of the first steps toward entering the digital asset space. MEXC Global, known for its wide selection of altcoins and user-friendly interface, offers multiple ways to purchase crypto — from credit/debit cards to peer-to-peer (P2P) trading. Whether you're a beginner or an experienced trader, understanding how to efficiently buy crypto on MEXC can enhance your trading experience and help you make informed decisions.
In this guide, we’ll walk you through the process of buying cryptocurrency on MEXC using various methods, explore key account types, and explain essential trading features — all while maintaining security and convenience.
Understanding MEXC Account Types
Before diving into purchases, it’s important to understand the different account types available on MEXC. These sub-accounts help organize your funds based on trading needs and strategies.
Spot Account and Spot Trading
The Spot Account is your primary wallet for holding and managing digital assets. It serves as the central hub for deposits, withdrawals, and immediate trades at current market prices.
With spot trading, you can:
- Limit Order: Buy or sell at a specific price you set.
- Market Order: Execute trades instantly at the best available market price.
- Stop-Limit Order: Trigger a limit order once a predefined stop price is reached.
To trade:
- Navigate to the Market tab.
- Select your desired trading pair (e.g., BTC/USDT).
- Enter the amount you wish to buy or sell.
- Confirm the order.
Once executed, your purchased assets will appear directly in your Spot Account.
👉 Discover how easy it is to start trading crypto today.
Fiat Account and Fiat Trading
MEXC supports fiat-to-crypto transactions through its P2P (peer-to-peer) marketplace, which operates under the Fiat Account system.
Here’s how it works:
- To buy crypto with fiat, you place a P2P buy order. Funds are held in escrow until the transaction is complete.
- To sell crypto for fiat, transfer assets from your Spot Account to your Fiat Account first.
- After completing a P2P trade, funds are credited to your Fiat Account. You can then transfer them back to your Spot Account for further trading.
Always review seller metrics like completion rate, trade volume, and response time before initiating a trade.
Margin Account and Margin Trading
For advanced traders seeking leverage, MEXC offers margin trading — allowing you to borrow funds to increase your position size.
Steps to get started:
- Activate your Margin Account.
- Transfer assets from your Spot Account.
- Borrow additional assets from the platform.
- Open a long (buy) or short (sell) position.
- Repay borrowed assets after closing the position.
While margin trading can amplify profits, it also increases risk. Always use proper risk management tools like stop-loss orders.
Futures Account and Futures Trading
Futures contracts allow traders to speculate on future price movements without owning the underlying asset. This feature is ideal for experienced users familiar with derivatives.
To begin futures trading:
- Activate your Futures Account.
- Choose between USDT-margined or coin-margined contracts.
- Set your margin mode: Isolated (risk limited to allocated margin) or Cross (uses entire balance).
- Transfer funds from your Spot Account.
- Select leverage (e.g., 10x, 25x) based on your risk tolerance.
- Place orders using available types: limit, market, stop-limit, etc.
Due to high volatility and leverage risks, beginners should practice in demo environments before live trading.
How To Buy Crypto on MEXC
MEXC provides two primary methods for purchasing cryptocurrency: credit/debit card payments and P2P trading. Both require completing KYC (Know Your Customer) verification for compliance and security.
1) Buy Crypto With Credit/Debit Card
This method offers instant purchases via third-party payment processors such as Simplex.
Here’s how:
- Go to the Buy Crypto section.
- Select your local currency (e.g., USD, EUR).
- Enter the amount you want to spend.
- Choose the cryptocurrency you'd like to buy (e.g., BTC, ETH).
- Confirm the transaction — you'll be redirected to the payment provider’s site.
- Enter your card details and billing information.
- Complete verification and wait for confirmation.
Your purchased crypto will be credited directly to your Spot Account within minutes.
💡 Tip: Card purchases may include processing fees but offer speed and convenience.
2) Buy Crypto Using P2P Orders
P2P trading connects buyers and sellers directly, supporting various payment methods like bank transfers, PayPal, and more — often with better rates than traditional gateways.
Follow these steps:
- Go to the P2P Trading section.
- Select Buy and choose your preferred cryptocurrency.
Pick a seller based on:
- Completion rate
- Number of transactions
- Payment methods accepted
- Price and limits
- Click Buy and enter the amount.
- Ensure your payment method is set up under OTC Settings beforehand.
- After payment confirmation, confirm receipt on the platform.
- Crypto is released from escrow to your account.
⚠️ Never release crypto before receiving payment — always follow MEXC’s P2P guidelines.
👉 Start exploring secure and fast crypto purchases now.
Frequently Asked Questions (FAQ)
Q: Do I need to complete KYC to buy crypto on MEXC?
Yes, KYC verification is required to access fiat deposit options, card purchases, and P2P trading. It enhances security and complies with global regulations.
Q: Are there fees when buying crypto with a card?
Yes, third-party processors typically charge a service fee (usually 1–3%). Check the final amount before confirming the transaction.
Q: Can I transfer funds between my MEXC accounts?
Absolutely. You can freely transfer assets between Spot, Margin, Futures, and Fiat Accounts based on your trading goals.
Q: Is P2P trading safe on MEXC?
MEXC uses an escrow system to protect both parties during P2P trades. However, always verify seller reputation and follow platform rules.
Q: What cryptocurrencies can I buy on MEXC?
MEXC supports hundreds of tokens including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and numerous altcoins.
Q: How long does it take for card purchases to reflect in my account?
Most card purchases are processed instantly and appear in your Spot Account within minutes.
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👉 Jump into the world of digital assets with confidence and ease.
By mastering the tools and account structures within MEXC, users gain flexibility in how they enter the crypto market — whether through quick card buys or flexible P2P deals. With strong security practices and a clear understanding of each trading method, anyone can confidently navigate their journey in cryptocurrency investing.